Title

COMBINED AUTHORITY

Chancellor to announce investment zones backed by £80m

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

In tomorrow's Budget, chancellor Jeremy Hunt is expected to confirm plans to start talks with places to host the new zones.

Eight places in England have already been shortlisted and the Government expects to agree plans by the end of the year.

Each zone will be clustered around a research institution such as a university.

Mr Hunt said: ‘True levelling up must be about local wealth creation and local decision-making to unblock obstacles to regeneration.'

Each zone will be backed by £80m, which will go towards tax relief, improving skills, providing specialist business support, improving the planning system or local infrastructure.

Chief executive of the Northern Powerhouse Partnership, Henri Murison, said: ‘This is a marked improvement on the investment zone policy, one which recognises the latent potential in these regions and gives devolved powers more ownership over their future destiny.

‘By avoiding a bidding-style competition and going straight to combined authorities, the Government has avoided repeating previous mistakes.'

The chancellor is also expected to provide investment for the rollout of levelling up partnerships across England, under which councils, MPs, and business and civic leaders will work together to identify cross-Government interventions to unblock obstacles to regeneration.

Levelling up secretary Michael Gove said: ‘Levelling up means backing local growth across the UK, driving innovation to attract investment and putting power into the hands of local communities so they can reach their full potential.

'Our new investment zones and levelling up partnerships will deliver more jobs, better services and more opportunities.'

COMBINED AUTHORITY

Adding up the price of local government interventions

By Dan Peters | 30 October 2025

As more councils in intervention increases, the price tag for commissioners is skyrocketing. Dan Peters crunches the numbers and commissioner Gavin Jones exp...

COMBINED AUTHORITY

Coaching the public sector's future

By Rebecca Davis | 30 October 2025

Rebecca Davis explains why every leader needs time to think – and how structured, high-quality coaching is already having an impact across the West Midlands.

COMBINED AUTHORITY

Attracting young talent to public sector careers

By Manny Sandhu | 29 October 2025

Manny Sandhu shares how a new pilot campaign – unveiled at the WMJobs Expo 2025 – is energising young people to explore careers in local government, showing ...

COMBINED AUTHORITY

Government 'confident' in housing plan

By Dan Peters | 29 October 2025

The Government has insisted it ‘remains confident in its plans to get Britain building’ after housebuilders warned ministers will not hit their homes target.

Popular articles by William Eichler